Bloomin' Brands (NASDAQ:BLMN) Shares Up 5.2% - What's Next?

Bloomin' Brands, Inc. (NASDAQ:BLMN - Get Free Report)'s share price shot up 5.2% during mid-day trading on Wednesday . The company traded as high as $7.86 and last traded at $7.94. 322,868 shares changed hands during trading, a decline of 84% from the average session volume of 2,073,613 shares. The stock had previously closed at $7.55.

Analyst Ratings Changes

A number of brokerages recently issued reports on BLMN. Barclays dropped their target price on shares of Bloomin' Brands from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price objective on shares of Bloomin' Brands from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Wall Street Zen upgraded shares of Bloomin' Brands from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. The Goldman Sachs Group lowered their price objective on shares of Bloomin' Brands from $13.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Finally, UBS Group lowered their price objective on shares of Bloomin' Brands from $13.00 to $8.50 and set a "neutral" rating for the company in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $13.75.

Bloomin' Brands Stock Up 2.0%

The company has a market cap of $643.78 million, a P/E ratio of -68.90 and a beta of 1.29. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 4.46. The firm's 50 day moving average price is $7.75 and its 200-day moving average price is $10.05.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm earned $0.70 EPS. Bloomin' Brands's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts expect that Bloomin' Brands, Inc. will post 1.8 EPS for the current year.

Bloomin' Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date was Tuesday, May 20th. Bloomin' Brands's dividend payout ratio is presently -2,000.00%.

Institutional Trading of Bloomin' Brands

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC increased its holdings in Bloomin' Brands by 29.4% during the third quarter. Barclays PLC now owns 219,080 shares of the restaurant operator's stock worth $3,621,000 after buying an additional 49,723 shares during the last quarter. Entropy Technologies LP acquired a new position in Bloomin' Brands during the fourth quarter worth $140,000. Rhumbline Advisers boosted its position in Bloomin' Brands by 1.3% during the fourth quarter. Rhumbline Advisers now owns 238,093 shares of the restaurant operator's stock worth $2,907,000 after purchasing an additional 2,977 shares during the period. Rye Brook Capital LLC boosted its position in Bloomin' Brands by 2.1% during the fourth quarter. Rye Brook Capital LLC now owns 167,700 shares of the restaurant operator's stock worth $2,048,000 after purchasing an additional 3,500 shares during the period. Finally, Hussman Strategic Advisors Inc. bought a new position in Bloomin' Brands during the fourth quarter worth $641,000.

Bloomin' Brands Company Profile

Bloomin' Brands, Inc engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.